Tuesday, July 17, 2007

CORRECTED - SSAB Q2 profit below consensus

(Reuters) - A survey of 8 analysts had forecast pretax profit of 2.31
billion crowns. The firm, which specialises in quenched and
ultra-high-strength steels, had a pretax profit of 1.78 billion
in the same quarter in 2006.




The firm said that deliveries of quenched steels were
negatively affected by the ongoing investment projects and by
minor disruptions in production in the second quarter, although
deliveries rose 3 percent year-on-year.


Read more at Reuters.com Market News

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